Global Cheese Market: Snapshot
Cheese is a food product that has gained popularity due to growing awareness about its health benefits among global population. Growing use of cheese in regular cooking due to its nutritional value and delectable taste is opening new growth avenues for the global cheese market. Key vendors are chasing diverse strategies to keep their market position stable. Collaborations, partnerships, and mergers and acquisitions are some of the key strategies helping the market to grow. In addition, increasing efforts of major vendors to offer innovative products by incorporating variations in texture and taste of cheese are pushing the demand.
An upcoming research report from TMR on the Cheese market offers a comprehensive study of major elements impacting positively or negatively on its growth. This report presents dependable data on market size, shares, volume, and potential growth avenues. It also enlightens user on present trends and their impact on the market and covers helpful insights of the said market for the forecast period of 2019–2028.
Global Cheese Market: Growth Dynamics
Cheese has a plethora of health benefits. Many studies have proved that consumption of this food product regularly can help in preventing various health conditions such as osteoporosis and common cancers. Besides, cheese is considered a rich source of protein, vitamin B12, and calcium. All these factors are pushing major population to include cheese in their regular diet. This rising demand has stimulated the growth of the global cheese market.
Hectic lifestyle and rapid urbanization has resulted into swift development of fast food industry. Due to increased worldwide disposable incomes, there is growth in instances of eating out. As cheese is one of the key ingredients in numerous cuisines categorized under fast food, there is tremendous rise in cheese demand in the recent times. This rising demand has opened way for new entrants in the cheese market to introduce their products and widen the sphere of this market.
Cheese is most favorite food product among children and elderly population. This growing popularity of the product is helping the market growth. Besides, growing number of distribution channels is pushing the market growth.
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Global Cheese Market: Notable Development and Competitive Analysis
Major companies active in cheese market are implementing various business strategies such as mergers and acquisitions to maintain their position. A case in point here is latest acquisition of Premium Foods by Almaraia. By completing this acquisition process, Almaraia expanded its footprints and improved its foodservice channels. As a result, this move by the firm contributed to the global cheese market’s growth.
The cheese market is moderately fragmented in nature. Presence of many global and regional players indicates that the competition level is very stiff. The list of key players in the global cheese market includes companies such as:
- Mondelez International Group (earlier Kraft)
- Fonterra Co-operative Group Ltd.
- Bongrain S.A.
- Alra Foods Inc.
- Saputo Inc
- Fromageries Bel S.A.
- GCMMF- Amul
- Almarai Company Ltd.
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